A filling station in Kolkata, India
India revamps retail fuel business
The country is seeing a notable increase in petroleum product retail outlets, with private operators gaining market share
India’s retail fuel network is undergoing a major shift. And with its number of gasoline pumps now totalling more than 96,500, the country has the third-largest number of retail fuel outlets after the US and China. Retail fuel distribution in India is dominated by state-owned companies, including Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited. These three account for about 90% of the retail fuel outlets in the country. Mangalore Refinery & Petrochemicals Limited, a subsidiary of the country’s largest E&P company, ONGC, is the fourth state-owned company in the retail space, with 164 outlets. Private companies op
Also in this section
13 June 2025
US policies may have lasting effects in sectors such as energy, that rely on predictable rules and long-term planning
13 June 2025
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
13 June 2025
CEO argues the upstream potential remains huge as analysts question future oil production for Canadian province’s offshore industry
13 June 2025
The country is facing energy shortfalls this summer amid reduced Iranian gas imports and difficulties leasing an FSRU
